6th Dec 2022 10:58
RBG Holdings PLC - London-based professional services company - Chief Executive Officer Nicola Foulston buys 250,000 shares at an average price of 64.65 pence each, worth GBP161,625, in London on Monday. Foulston is now interest in 11.8 million shares, a 12.3% stake, including 355,264 shares held in her self-invested personal pensions and 11.4 million shares held by Cascades Ltd.
On Monday, RBG said its litigation finance subsidiary LionFish Litigation Finance Ltd will not meet trading expectations for the full year in 2022. It noted that LionFish recently lost two cases it invested in. Further, following a review, RBG decided that any further appeals on these cases are no longer viable, and LionFish will now have a non-cash write-off of GBP4 million in 2022. As a result, LionFish will not meet the company's previous expectations of GBP2.3 million profit.
The group now expects adjusted earnings before interest, taxes, depreciation, and amortisation to be between GBP11 million to GBP12 million, which is down from an Ebitda of GBP13.8 million last year.
Current stock price: 68.60 pence, up 6.4% on Tuesday
12-month change: down 41%
By Sophie Rose, Alliance News reporter
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